A Systematic Assessment of The Empirical Support for Transaction Cost Economics  

Oleh:

David, Robert J. ; Shin-Kap, Han

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 25 no. 1 (Jan. 2004), page 39-58.
Topik: transaction cost; transaction cost economics; meta - analysis; organizational forms

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.14 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Transaction cost economics (TCE) is one of the leading perpectives in management and organizational studies, yet debate continues regarding its empirical support. In this paper, we take stock of the large body of extant research and provide a systematic assessment of empirical evidence. In all 308 statistical tests from 63 articles, selected according to a set of clear criteria, were examined across various dimensions. We assess not onlly the level of empirical support for the theory, but also the degreen of paradigm consensus present in the empirical literature. Our analysis shows that results are mixed : while we found support in some areas (e. g. with regard to asset specificity), we also found considerable disagreement on how to operationalize some of TCE's central constructs and propositions, and relatively low levels of empirical support in other core areas (e. g. surounding uncertainty and performance). We conclude that a more thorough empirical grounding of the theory's foundation is crucial to its future development, and offer several strategies for doing this.

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